Ch. 2 HW (Rights)

Question 1

Several legal steps must sometimes be taken before a creditor can have an outstanding debt satisfied through the sale of a debtor's property. Which of the following may be required? *
A. Judgement.
B. Attachment.
C. Writ of Execution.
D. All of the answers are correct.

Answer 1

All of the answers are correct.

Question 2

Concerning liens, which of the following is INCORRECT? *
A. Liens are always encumbrances.
B. Liens are either equitable or statutory.
C. Liens increase the value of property.
D. Liens are either specific or general.

Answer 2

Liens increase the value of property

Question 3

An easement created for the purpose of giving an owner ingress and egress to his/her landlocked property is: *

Answer 3

an easement appurtenant.

Question 4

Ned owned fifty (50) acres with frontage on Slater Mill Road. Ned sold the front thirty (30) acres to Smith but reserved an easement for the right of access to the back twenty (20) acres. Which of he following is INCORRECT? *
A. Ned has a dominant estate.
B. Smith has a servient estate.
C. Smith’s estate is subject to Ned’s interest.
D. Ned’s estate in the twenty (20) acres is subject to Smith’s interest.

Answer 4

Ned’s estate in the twenty (20) acres is subject to Smith’s interest.

Question 5

A private deed restriction can be made ineffective by…

Answer 5

A conflict with zoning laws.

Question 6

A provision found only in a deed, which subjects the ownership of land to certain restrictions, is called a: *

Answer 6

condition.

Question 7

A remainder estate may exist at the same time with all but one of the following. *
A. Fee simple absolute.
B. Life estate.
C. Fee simple on a condition subsequent.
D. Fee simple determinable.

Answer 7

A. Fee simple absolute.

Question 8

Encroachments are usually discovered by…

Answer 8

a survey.

Question 9

For ten (10) years, Mr. Jones had verbal permission to park a car in Mr. Smith’s driveway. Mr. Smith sold to Mr. Johnson. *

Answer 9

Jones had a license from Smith: Johnson may continue it or discontinue it as he chooses.

Question 10

An encumbrance may be defined as all he following EXCEPT: *
A. anything that affects or limits the fee simple title.
B. the degree, quantity, nature, and extent of interest in real property.
C. rights or interests held by someone other than the fee simple owner of the property.
D. a claim, charge, or liability that attaches to real property.

Answer 10

the degree, quantity, nature, and extent of interest in real property.

Question 11

Amy Carson owns two hundred (200) acres that are rich in oil reserves. Her ownership interest is fee simple absolute. She may: *
A. sell the oil rights but retain fee simple ownership in the land.
B. sell the land but reserve the oil rights.
C. sell the oil rights to one party and all remaining rights in the land to another.
D. do any of the other answers.

Answer 11

do any of the other answers.

Question 12

Which of the following would be a less-than-freehold estate? *
A. Life estate.
B. Leasehold estate.
C. Fee simple estate.
D. Fee simple determinable estate.

Answer 12

Leasehold estate.

Question 13

Jim is an electrician who was hired by ABC Construction to install all of the electrical wiring in a new home. Jim began the work on June 10 and completed the work on June 15. The closing took place on August 20. If Jim was never paid by the general contractor and wishes to file a lien, the effective date would be: *

Answer 13

June 10, against the property.

Question 14

The grantor of a life estate may retain a: *

Answer 14

reversionary estate.

Question 15

Which of the following is an estate in land? 
A. Easement.
B. Lien.
C. Encumbrance.
D. Lease.

Answer 15

Lease

Question 16

Statutory liens, which are also specific, include…

Answer 16

Mechanic’s liens.

Question 17

The types of leasehold estates include: *
A. estates from period-to-period.
B. estates for years.
C. estates at sufferance.
D. All of the answers are correct.

Answer 17

All of the answers are correct.

Question 18

General liens that encumber all real and personal property owned by the debtor include: *

Answer 18

Judgement liens

Question 19

An easement may be created in any of the following ways EXCEPT: *
A. reservation.
B. necessity.
C. grant.
D. merger.

Answer 19

D. merger.

Question 20

The right of enjoyment includes some rights over adjoining land including the right of: *

Answer 20

lateral support.